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Today I want to talk with you about the SOLANA chart.
Price came down from 54.68 to 48.61 and hit the support level .
It will be a good opportunity and upward fuel movement .
So, I'm waiting...
With price moving below the ichimoku indicator, we have a bearish bias that price will continue in the descending trendline and drop from our sell entry at our overlap support at 50.68, in line with the 23.6% fibonacci retracement, to our take profit at 48.87, where the swing low is. Alternatively, price may break entry structure and head for stop loss at 52.28,...
Hello everyone, let's take a look at the SOL to USDT chart on the 1 hour timeframe. As you can see, the price moves in the local channel marked by the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 48.41, if the support breaks down, the next one is $ 45.72 and $ 42.01.
Now let's move...
As I mentioned in my previous analysis 🐋
the price hit the target 💣🐋
and now
it is close to support area and the trend line ✔️
if the price breaks the trend line and resistance area to the upside, we will see more gain 🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
bear flag formation with TP1 TP2 and buy zone any break above the flag formation invalidates this trade once again not financial advice only my opinion
SOL/USDT As the ascending channel bottom resistance was broken and the overall momentum is bearish , it is most likely continue to trend down down to previous low.
After the Head and Shoulders Bearish Chart Pattern Price Target was perfectly reached:
Now SOL Solana has found a strong support from which it can reverse to $69.
Looking forward to read your opinion about it.
We are about to see some relief before we complete Wave E . We are still in a downtrend, so don’t expect a new ath anytime soon. I do see Momentum, RSI, and the MacD turning to the upside. I see selling pressure cooling off in the short term. The red line is the downtrend Sol is in and I see that as the top of this temporary reliefs rally. This chart based off of...
Based on the chart, the price is close to the trend line and the resistance area ✔️
we
expect to see more correction to the downside from here or from our trend line ❌🧨
and
our first target is close to the major support ✔️
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
BINANCE
